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Which of the following is not a reason why a company would purchase its own...

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Question

Accounting

Which of the following is not a reason why a company would purchase its own stock?

Multiple Choice

  • The companys management may have concluded that the companys stock is undervalued at the prevailing market price.

  • The company wants to increase its earnings per share.

  • The company wants to manipulate its net income.

  • The company needs shares in order to meet employee stock option plans.

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